Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[serveria.com]

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╬═╬ just dropped down to say
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╬═╬ gobble up cheap coins whilst you can
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(Inspired by - https://twitter.com/trustwalletapp/status/1239555808708431877?s=21)

Well well, it seems LFC_Bitcoin has got a new dream? No more lambos? A chopper? 

[gentlemand]

Well well, it seems LFC_Bitcoin has got a new dream? No more lambos? A chopper?  

I never fly in the same helicopter twice, baby. I throw them away like used tissues the moment I step out of one.

This what the car park in my local gout clinic looks like.



I'll let you know where I'm landing next.

[Wekkel]

It seems you do swap the rotor blades.

[gentlemand]

It seems you do swap the rotor blades.

Nah. It's a rough area.

[JayJuanGee]

P.S. $4500. There is the chance mindrust was waiting for.  

Mindrust remains his own worst enemy, including that he is likely listening too much to diptwats like Masterluc, as if Masterluc were some kind of a reasonable BTC price sorcerer...

So in essence, Mindrust is failing and/refusing to pee pare his lil selfie for the upside.. and therefore engaging in more risk of being roached than necessary by playing too much all or nothing including betting too much on down and failing and refusing to get back his position.

If I had made a similar kind of mistake, in a kind of mindrust thinking way (which all or nothing has not been my style for a pretty long-ass time), I would (attempting to put myself somewhat in a mindrust seemingly goofey mindset) consider a few different options to stagger back in...  Partly, I do not go all or nothing back in because, like mindrust, I would be more than willing to structure a staggering back in so that I could partly justify my earlier action and attempt to profit somewhat from such earlier decision - which is risky, but hey, I am trying to attempt to think somewhat like mindrust, as difficult as that might be....  

Accordingly if I (channelling mindrust) had sold at $4,550-ish, then my attempt at a moderate incrementalist BTC buy back plan would be something like below.
 
$4,517 - 50%
$4,317 - 25%
$4,117  - 15%  
$3,917   - 5%
$3,717 - 3%
$3,517 -  2%

Of course, there are ways to be more or less aggressive than this outline of a plan... and sure, I would have already executed such plan, so at least my $4,517 would have already filled...   Sure, since we already had such price movement down to $4,435, it is possible that if I were to execute such plan now, based on subsequent BTC price movements, considering Mindrust's seemingly overly reliance on downward BTC price possibilities, I would probably move each of the buy back price amounts up $100 or so.

[Arriemoller]

I was actually raised in a bunker from the mid 80s onwards because my parents worried Judas Priest would make me commit suicide.

You're telling me it's safe to come out now?

Haven't you been paying attention?? Of course its not safe!

Mum says get your arse back in the damn bunker before she has to break out the paddle.

So the bus stop was just a big lie? I'm hurt and I feel betrayed.

[Raja_MBZ]

It really feels like we're going to see a Bart back up again till $7000+.

Double bottom

So much needed hopium... thanks 

No problem! Lemme know whenever you need more of it.

[JayJuanGee]

Yes, we have another damn day for Bitcoin   I wonder how much time it takes for Bitcoin to become as stable as before   I'm sitting here and watching my account go down every day, outside there is a raging virus   Damn series  day with my wrong decisions  
Now the lowest is 4400, how much next?

What would have been your wrong decisions?

You did not prepare financially and psychologically for BTC prices to go down, which would be having the ability to buy moar in the case that BTC prices were to go down, which they did?

[Arriemoller]

and tbh I'd rather have pandemic posts in here than that stupid fucking Vegeta game ... that can fuck right off into it's own thread please, thank you.

Unfortunately out of merits again, have a good imaginary handshake instead.

[JayJuanGee]

If any any of you WOers consider selling just think: you HODLed during $20k peak, during $14k and $10k minipeaks. So why sell now?    Let's ride this thing down to 0 or get filthy rich. There is no 3rd option.

Ride to 0.  That's the spirit.

If ppl actually use BTC as currency, they will continue.

Hodlers may as well stop watching the price.

Calculate your net worth at say, $100 $1,200 per BTC, and just treat it as a small , highly speculative part of your investments.

You should not be overly fear inducing bearish Majormax.. it is not necessary....  - because you are inducing more hysteria than what you yourself actually believe, based on your own representations of your own beliefs.

Accordingly, your 99% scenario puts btc at a low of $1,200 in the worser case (99%, helrow?) scenarios, therefore, seems reasonable that you should be using your $1,200 number rather than $100.... Therefore, I fixed your own statement above to be more in line with your own thinking... no need to overly induce fear based on outrageous scenarios that you do not even deem to be within the realm of 99% probability, amiNOTrite?  Concededly, each of us are going to come to our own outrageous numbers of the extremes, but you should use your own numbers rather than hypothesizing some more severe extreme of someone else who you have already concluded is not being reasonable.. which means $1,200 for you specifically, not $100.

[Paashaas]

Corona is temporary... it will go away eventually...

Or stay permanently.

In Hubei province 2 cities (Xiaogan and Tianmen) locked down again after opening for only one day, this happens when you force to reopening facilities while the virus is still going on.

Spreading route is unstoppable, at this point there is always someone out there who keeps infecting other people and most likely without realising it.

Even when China ore Italy trying to get their country back to nomal there is a very high possibility to get reinfected again. Epicentre might be located in another city/region.

I don't want to see people suffering ore boomers to die -this needs to end asap- i'm a realist, as far i see it Covid19 will stay here for a while.

Teams around the globe working 24/7 finding a vaccine, i have full confident they will solve this problem. But when and how the virus behaves along the way is still uncertain.

[Phil_S]

Every sane person has known for a very long time that the dollar must collapse someday;

Not anytime soon. No universally-recognized replacement on the horizon.

Why do you assume that a replacement must exist before it collapses!?

Because its value is rooted in psychology. Right now people sell all types of assets (even gold) to buy dollars. Completely illogical, but that's a reality. Dollar will collapse when people will lose faith in it, when they'll rush to sell dollars to buy something else. That "something else" will become a new universally-recognized replacement.

Lots of worldwide value is locked in dollars right now. That value will not disappear. It will flow into "something else", into a replacement vessel.

[El duderino_]

via Imgflip Meme Generator

[lightfoot]

I wonder if someone could call the Fed and have them issue more merits on WO. We are in the middle of a serious merit liquidity crisis and need the Fed to come in and inject some much needed lubrication in the WO orifice.

[Biodom]

Am I too vain to say that it was a bit boring without football?
Maybe market low will be just before the mini-tournament (in lieu of CL).
https://www.bbc.com/sport/football/51906630

That tournament should lift the spirits.
Not a Vegeta, but something better of a game.
Lads would probably be super-hyper and would fly on the field.

[Biodom]

Yes, we have another damn day for Bitcoin   I wonder how much time it takes for Bitcoin to become as stable as before   I'm sitting here and watching my account go down every day, outside there is a raging virus   Damn series  day with my wrong decisions  
Now the lowest is 4400, how much next?

What would have been your wrong decisions?

You did not prepare financially and psychologically for BTC prices to go down, which would be having the ability to buy moar in the case that BTC prices were to go down, which they did?

Interestingly, since this am btc correlates the best with gold stocks, but not with gold price.
gold stocks are outperforming gold by a vast %, which is for the first time during this 'downturn'.
EDIT: Dow is down 10%, but btc is holding 5K nicely.

[infofront]

Corona is temporary... it will go away eventually...

Or stay permanently.

In Hubei province 2 cities (Xiaogan and Tianmen) locked down again after opening for only one day, this happens when you force to reopening facilities while the virus is still going on.

Spreading route is unstoppable, at this point there is always someone out there who keeps infecting other people and most likely without realising it.

Even when China ore Italy trying to get their country back to nomal there is a very high possibility to get reinfected again. Epicentre might be located in another city/region.

I don't want to see people suffering ore boomers to die -this needs to end asap- i'm a realist, as far i see it Covid19 will stay here for a while.

Teams around the globe working 24/7 finding a vaccine, i have full confident they will solve this problem. But when and how the virus behaves along the way is still uncertain.

It's a pretty crazy situation. If the virus doesn't recede significantly over the summer, will we stay on global lockdown for 1 year+, while waiting for a vaccine?

[infofront]

Yes, we have another damn day for Bitcoin   I wonder how much time it takes for Bitcoin to become as stable as before   I'm sitting here and watching my account go down every day, outside there is a raging virus   Damn series  day with my wrong decisions  
Now the lowest is 4400, how much next?

What would have been your wrong decisions?

You did not prepare financially and psychologically for BTC prices to go down, which would be having the ability to buy moar in the case that BTC prices were to go down, which they did?

Interestingly, since this am btc correlates the best with gold stocks, but not with gold price.
gold stocks are outperforming gold by a vast %, which is for the first time during this 'downturn'.
EDIT: Dow is down 10%, but btc is holding 5K nicely.

That makes some sense, since gold stocks are extremely liquid, and all the big investors want access to quick cash.

[rdbase]

TPC to save the day!

https://www.somagnews.com/a-new-cryptocurrency-now-backed-with-toilet-paper

Didnt know munich cared enough in saving the rest of the world from their fetishes of pooping.

[lightfoot]

Busy day today, and to be honest this really fits my mood: